Master Sub-Advisory Agreement (12K)
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AIM EQUITY FUNDS
(AIM CHARTER FUND)
(AIM CONSTELLATION FUND)
(AIM WEINGARTEN FUND)
MASTER SUB-ADVISORY AGREEMENT
THIS AGREEMENT is made as of this 21st day of June, 2000, by and
between A I M Advisors, Inc., a Delaware corporation (the "Advisor") and A I M
Capital Management, Inc., a Texas corporation (the "Sub-Advisor").
RECITALS
WHEREAS, AIM Equity Funds (the "Trust") is registered under the
Investment Company Act of 1940, as amended (the "1940 Act") as an open-end,
diversified management investment company;
WHEREAS, the Advisor is registered under the Investment Advisers Act of
1940 (the "Advisers Act"), as amended, as an investment advisor and engages in
the business of acting as an investment advisor;
WHEREAS, the Sub-Advisor is registered under the Advisers Act, as
amended, as an investment advisor and engages in the business of acting as an
investment advisor;
WHEREAS, the Agreement and Declaration of Trust authorizes the Board of
Trustees of the Trust to create separate series of shares of beneficial interest
of the Trust, and as of the date of this Agreement, the Trust's Board of
Trustees has created eleven separate series portfolios (such portfolios,
together with any other portfolios hereafter added to the Trust being referred
to collectively herein as the "Portfolios").
WHEREAS, the Advisor has entered into a Master Investment Advisory
Agreement of even date herewith with the Trust (the "Investment Advisory
Agreement"), pursuant to which the Advisor shall act as investment advisor with
respect to the Portfolios; and
WHEREAS, pursuant to Section 3 ("Delegation of Responsibilities") of
the Investment Advisory Agreement, the Advisor wishes to retain the Sub-Advisor
for purposes of rendering advisory services to the Advisor in connection with
the AIM Constellation Fund, AIM Weingarten Fund, and AIM Charter Fund (the
"Funds"), upon the terms and conditions hereinafter set forth;
NOW THEREFORE, in consideration of the mutual covenants herein
contained and other good and valuable consideration, the receipt whereof is
hereby acknowledged, the parties hereto agree as follows:
1. Appointment of Sub-Advisor. The Advisor hereby appoints the
Sub-Advisor to render investment research and advisory services to the Advisor
with respect to the Funds, under the supervision of the Advisor and subject to
the approval and direction of the Trust's Board of Trustees, and the Sub-Advisor
hereby accepts such appointment, all subject to the terms and conditions
contained herein.
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2. Investment Analysis. The duties of the Sub-Advisor shall include:
(a) obtaining and evaluating pertinent information about
significant developments and economic, statistical and financial data,
domestic, foreign or otherwise, whether affecting the economy generally
or the Funds, and whether concerning the individual issuers whose
securities are included in the Funds or the activities in which such
issuers engage, or with respect to securities which the Sub-Advisor
considers desirable for inclusion in the Funds' investment portfolios;
(b) determining which issuers and securities shall be
represented in the Funds' investment portfolios and regularly reporting
thereon to the Advisor and, at the request of the Advisor, to the
Trust's Board of Trustees; and
(c) formulating and implementing continuing programs for the
purchases and sales of the securities of such issuers and regularly
reporting thereon to the Advisor and, at the request of the Advisor, to
the Trust's Board of Trustees.
3. Control by Board of Trustees. Any investment program undertaken by
the Sub-Advisor pursuant to this Agreement, as well as any other activities
undertaken by the Sub-Advisor with respect to the Funds, shall at all times be
subject to any directives of the Board of Trustees of the Trust.
4. Compliance with Applicable Requirements. In carrying out its
obligations under this Agreement, the Sub-Advisor shall at all times conform to:
(a) all applicable provisions of the 1940 Act and the Advisers
Act and any rules and regulations adopted thereunder;
(b) the provisions of the registration statement of the Trust,
as the same may be amended from time to time, under the Securities Act
of 1933 and the 1940 Act;
(c) the provisions of the Agreement and Declaration of Trust
of the Trust, as the same may be amended from time to time;
(d) the provisions of the by-laws of the Trust, as the same
may be amended from time to time; and
(e) any other applicable provisions of state or federal law.
5. Compensation. The Advisor shall pay to the Sub-Advisor, as
compensation for services rendered hereunder to a Fund, an annual fee, payable
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